Wednesday April 1st, 2015

The Dallas Cowboys have restructured quarterback Tony Romo's contract in order to save $12.8 million in cap space, according to multiple reports.

The news was first reported by Yahoo's Rand Getlin and later confirmed by Clarence Hill of the Fort Worth Star-Telegram, among others. 

Darin Gantt of ProFootballTalk notes that the amount of money the Cowboys will save is nearly identical to Adrian Peterson's salary, but Yahoo's Charles Robinson reports that the Cowboys do not plan to use the cap space to acquire the Minnesota Vikings running back. 

• BURKE & FARRAR: SI's top 64 prospects in the 2015 NFL draft 

[daily_cut.NFL]A portion of Romo's salary will be converted to a signing bonus, which be spread out on the cap across the remaining years of his contract.

Romo said Tuesday that he would have taken a pay cut in order to help Dallas keep running back DeMarco Murray, who signed with the Philadelphia Eagles as a free agent.

Romo will still be paid the same amount of money in 2015. The restructuring is just an accounting trick to create more cap space in the present at the expense of future years. 

Before the restructuring, Romo would have had a $27.773 million cap hit, the highest in the NFL, according to the Dallas Morning News

- Dan Gartland

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.